A marriage is concluded before the wedding. This agreement can determine what happens to your spouse`s wealth and income in the unfortunate event of divorce, separation or death. The most important thing is that a conjugal agreement can preserve the nature of the property if the marriage ends. In other words, the separate property may remain separate instead of being the subject of community ownership or fair distribution legislation. Marital agreements are gaining popularity for many reasons. One of the reasons is that people are now focusing on their careers and delaying marriage. Until they marry, both partners have the property and financial value to protect. Marital agreements make it easy. Marriages are also common when a partner has children from a previous marriage.
Such an agreement ensures that a spouse`s separate ownership is addressed to his or her own children. The biggest problem with most divorces is deciding how to share ownership and money. Many marriage contracts are entered into simply because couples do not want the courts to decide the distribution of property when the marriage ends. A few minutes of advance planning have the potential to save headaches and huge long-term financial difficulties. Whatever the reason, LegalZoom can help you create a custom wedding arrangement. Just answer a few questions online from your home, and we`ll provide you with the necessary documents. This presentation examines the benefits of marriage contracts, the information that should be taken in the decision to sign a take-up, the provisions to be included and the measures necessary to create an opposable pre-voting agreement. PRENUPTIAL AGREEMENTS IN CHINAPrenuptial Agreements are now applicable in China. Section 19 of the Marriage Act 2001 states that “with respect to the property acquired during the period in which they are under matrimonial contract and concerns matrimonial property, the spouse and wife may agree to be in separate possession, in joint or partial ownership and partly in part. The agreement must be concluded in writing. The provisions of Section 17 and 18 of the Act apply to the absence of such an agreement or to a vague agreement. The agreement between the couple on the property acquired during the period during which they are under a marriage contract and on the matrimonial property are binding on both parties.
If, as the third party knows, the husband and wife agree to own separately their property acquired during their married life, the debts earned by the husband or wife to another person are repaid from the property he owns separately. In 2003, china`s Supreme Court ruled that the types of assets that could be the subject of a marital agreement included a party`s capital income, housing allowance, insurance, unemployment compensation and income from intellectual property rights. PrenUPTIAL CONVENTIONS IN DANEMARK Marital agreements are allowed in Denmark. There is no obligation of form or legal representation, unless it is to be written. They must be registered with a district court, which can then be registered on a national registry. However, there is a tendency for Danish courts to be awarded under the terms of the marital agreement in exceptional cases where the contractual terms are abusive, particularly when the marriage has been long and the contract has removed all the capital of the spouses from the marital property. The Law on Marital Agreements in England and Wales is confused and insopresed.